Financial Accounting

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Effect of Available-for-Sale Investment


JoJo Factory Inc. purchased Company Elf's common stock by paying \$37,500 on January 1, 2015. This investment allowed JoJo Factory to hold 0.8% of the outstanding voting shares of Company Elf.

If this investment was categorized as an available-for-sale investment and no other transactions related to this investment happened during the year, what was the net impact of this investment on​ total assets at the end of 2015 (in $ amount)?